LB Group To Invest In Construction Of 30Ktpy Vanadium Pentoxide Innovative Demonstration Project

Lomon Billions (LB) Group announced on July 12 that in order to improve the comprehensive utilization value of the company’s Panzhihua vanadium-titanium-magnetite resources and promote the industrialization of the company’s vanadium extraction by iron concentrate, the company’s wholly-owned subsidiary LB Sichuan Mining and Metallurgy Co., Ltd. plans to invest in the construction of innovative demonstration project with an annual output of 30,000t of vanadium pentoxide by vanadium-titanium iron concentrate alkaline pelletizing wet process, with a total investment of RMB2.5 billion (USD372 million).